Egypts EPC reveals H2 September PVC offers, shuts plant
Sept. 18, 2018
According to a source close to the company, Egypt’s local PVC producer, EPC, has announced its new offers for the second half of September with decreases of EGP300/ton ($17/ton) compared to their latest levels.
EPC’s PVC offers stand at EGP16,000/ton ($893/ton) for PVC k67-68, on ex-Alexandria, cash excluding VAT basis. The official exchange rate is used for the US dollar calculations.
The source also reported that the producer was forced to shut its PVC plant due to an unexpected equipment failure last week. The plant will be restarted on September 18.
"The shutdown has not affected our deliveries as we have good stock levels. The local PVC demand, meanwhile, remains slow," the source stated.